Susquehanna analyst Mehdi Hosseini reiterated a Buy rating on Viavi Solutions (NASDAQ:VIAV) on Wednesday, setting a price target of $17, which is approximately 43.70% above the present share price of $11.83.
Hosseini expects Viavi Solutions to post earnings per share (EPS) of $0.12 for the second quarter of 2020.
The current consensus among 3 TipRanks analysts is for a Moderate Buy rating of shares in Viavi Solutions, with an average price target of $14.33.
The analysts price targets range from a high of $17 to a low of $13.
In its latest earnings report, released on 12/31/2019, the company reported a quarterly revenue of $313.7 million and a net profit of $44.1 million. The company's market cap is $2.79 billion.
According to TipRanks.com, Susquehanna analyst Mehdi Hosseini is a 4-star analyst with an average return of 5.7% and a 45.1% success rate.
Viavi Solutions, Inc. engages in the provision of network test, monitoring, and assurance solutions. It operates through the following segments: Network Enablement, Service Enablement, and Optical Security and Performance. The Network Enablement segment offers integrated portfolio of testing solutions that access the network to perform build-out and maintenance tasks. The Service Enablement segment covers solutions and services primarily for communication service providers, and enterprises that deliver and/or operate broadband and IP networks (fixed and mobile) supporting voice, video, and data services as well as a wide range of applications. The Optical Security and Performance segment leverages its core optical coating technologies and volume manufacturing capability to design, manufacture, and sell products targeting anti-counterfeiting, consumer and industrial, government, healthcare, and other markets. The company was founded in 1979 and is headquartered in San Jose, CA.